You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #59: ARMs make sense [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-04-06 02:04 PM
Response to Reply #56
59. ARMs make sense
Only when interest rates are coming down. You had no way of knowing that in 1980, so you got lucky. I don't seem to remember ARMs being used to fuel the real estate inflation of the mid to late 1970's but they sure have been used to turbocharge the last rise in prices.


Your frugal planning for higher interest payments was quite smart, you were fully prepared for the worst. Most folks are just too stupid to think before they sign the dotted line.

Printer Friendly | Permalink |  | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC